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Tata Sons revokes 6.93 Crore TCS shares
Tuesday, 26 July 2011, 22:34 IST
MUMBAI: The country's largest software exporter Tata Consultancy Services said one of its promoters, Tata Sons, has revoked 6.93 Crore pledged shares of the company.
After revoking of these shares, Tata Sons has about 9.18 Crore pledged shares, accounting for about a 4.69 per cent stake in TCS.
In a disclosure to the Bombay Stock Exchange, TCS said that Tata Sons revoked the 6.93 Crore shares on July 18.
As of the quarter ended June 30, 2011, Tata Sons held a 73.75 percent stake, or 144.34 Crore shares, in the IT firm, according to data available on the BSE.
Out of the total 195.72 Crore outstanding shares of the company, Tata Sons has pledged shares worth a 4.69 percent stake. Meanwhile, out of the total 73.75 percent stake held by Tata Sons, the promoters have 6.36 percent pledged.
Shares of Tata Consultancy Services were trading at Rs 1,147.25 on the BSE today, up 0.70 percent from their previous close.
Source: PTI
Source: PTI